Which of the following is not a recognized amortization method?

Question

Quizplus · Accepted Answer

The lower-of-cost-or-market method is not an amortization method; it is an accounting principle used to value inventory at the lower of its historical cost or its current market price. Amortization methods, such as the straight-line, units-of-production, and double-declining-balance methods, are used to systematically allocate the cost of an intangible asset over its useful life.

Which of the Following Is Not a Recognized Amortization Method